incidence of taxation

incidence of taxation
The impact of a tax on those who bear its burden, rather than those who pay it. For example, VAT is paid by traders, but the ultimate burden of it falls on the consumer of the trader's goods or services. Again, a company may pay corporation tax but if it then raises its prices or reduces its employees' wages to recoup the tax it may be said to have shifted the incidence.

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  • incidence — in‧ci‧dence [ˈɪnsdns] noun [singular] 1. TAX the effect of a particular tax on people or organizations, and how much they have to pay: • The structure of production may influence the incidence of taxation. 2. the number of times something… …   Financial and business terms

  • taxation — taxational, adj. /tak say sheuhn/, n. 1. the act of taxing. 2. the fact of being taxed. 3. a tax imposed. 4. the revenue raised by taxes. [1250 1300; < ML taxation (s. of taxatio) an appraising (see TAX, ATION); r. ME taxacioun < AF < ML, as… …   Universalium

  • Taxation in the United States — is a complex system which may involve payment to at least four different levels of government and many methods of taxation. United States taxation includes local government, possibly including one or more of municipal, township, district and… …   Wikipedia

  • Taxation in New Zealand — is collected at a national level by the Inland Revenue Department (IRD) on behalf of the Government of New Zealand. National taxes are levied on personal and business income, as well as on the supply of goods and services. There is no capital… …   Wikipedia

  • Taxation in Canada — The level of Taxation in Canada is average among Organisation for Economic Co operation and Development (OECD) countries. Approximately 70% of the Canadian government s income comes from taxation, the rest from tariffs, fees, and… …   Wikipedia

  • Fiscal incidence — is a concept within public finance, a sub discipline within economics, that refers to the combined overall economic impact of both government taxation and expenditures on the real economic income of individuals. While taxation reduces the… …   Wikipedia

  • Mullens v Federal Commissioner of Taxation — Court High Court of Australia Full case name Mullens v Federal Commissioner of Taxation …   Wikipedia

  • Excess burden of taxation — Taxation An aspect of fiscal policy …   Wikipedia

  • Double taxation — Taxation An aspect of fiscal policy …   Wikipedia

  • No taxation without representation — Taxation An aspect of fiscal policy …   Wikipedia

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